LANGKAWI, Dec 6 (Bernama) -- Koperasi Al Taqwa Kampung Kisap Langkawi Bhd will introduce syariah-compliant car financing facilities next year in efforts to diversify its business and generate income.
Its secretary, Mohd Nazri Hashim, said Bank Angkatan Koperasi Kebangsaan Malaysia Bhd would offer the cooperative a loan which would be used as capital to offer car financing.
"The residents in Langkawi will get an opportunity to apply for the syariah-compliant car financing when applications are opened," he told Bernama here Monday.
Meanwhile, he said, the cooperative would invest in the hotel industry to meet the needs of tourists and to increase its sources of income.
"A hotel, named Al Taqwa Islamic Hotel, has been in operation since last November in Kuah.
"The hotel, based on tour-and-study concept, aims to attract more tourists to the island," he said.
Mohd Nazri said Koperasi Al Taqwa was set up in July 2009 under Masjid Al Taqwa Kampung Kisap.
Koperasi Al Taqwa is among 30 cooperatives in Langkawi.
Its good to know that the Koperasi is expending its operation & as well offer syariah compliance loan to users..